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Author Topic: iStock Audio is Moving  (Read 3210 times)

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« on: June 13, 2016, 17:03 »
0
We want to make our Audio product great by creating a better customer experience and meeting the expanding and evolving opportunities in the music licensing industry. iStock Audio is moving to Getty Images Music.


This is a header from a newsletter just received...

This can be a good move. But time will tell. Anyone selling on GI sound express? I have some files there but nothing significant in sales.


« Reply #1 on: June 13, 2016, 17:08 »
+4
Maybe they are moving each piece over to Getty and eliminating Istock altogether.

« Reply #2 on: June 13, 2016, 17:12 »
+1
Well, they are eliminating IS audio as a whole. In the next couple of weeks all customers will be redirected to GI website for purchasing. This is the first step to something... now, what that "something" is I don't know.

« Reply #3 on: June 13, 2016, 18:14 »
0
Really great news if they keep what they promise. It will mean 8-10 times higher royalties which could finally make it acceptable to upload new material again. I have over 100 tracks that I haven't uploaded to iStock because of the ridiculous royalty rates they switched to a while back. They do sell well though (# of sales, not payouts) and I hope Getty will do the same.

Microstock Man

  • microstockman.com

« Reply #4 on: June 14, 2016, 09:41 »
+1
Seems like a move that will benefit contributors - I wonder what the catch is?

« Reply #5 on: June 14, 2016, 10:26 »
+1
Hopefully there isn't one... But who knows.

Anyway, iStock Audio suffered massive contributor drop-offs and the ones who stayed pretty much stopped uploading because of the ridiculous new terms. $1.50 royalties... That's less than 10% of what you would get at Envato, or about 5% of what many people are getting at P5. And those two sites sell A LOT of licenses. Just doesn't make sense to stay at iStock Audio.

Hopefully Getty realized this and won't kill it off right away...

ShadySue

« Reply #6 on: June 14, 2016, 11:07 »
0
Seems like a move that will benefit contributors - I wonder what the catch is?
I should coco - 35%, non-exclusive contract, from Getty? I'd be nervous!


 

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